Waltham, MA – August 7, 2018
For Immediate Release
KODA Enterprises Group announced today the acquisition of Continental Trailers and Water-Land Supply with locations in Miami, Florida and Clearwater, Florida.
Water-Land is a leader in the Southeast where it maintains entrenched, long term relationships with boat dealers and manufacturers, marine accessory dealers, and trailer dealers. The company’s product line covers a wide variety of trailers for saltwater boats, personal watercrafts, Jon boats, skiffs, pontoons, kayaks, canoes, jet skis and catamarans. The wholesale distribution division carries thousands of aftermarket parts and accessories.
According to Janice Hodson, KODA Enterprises Director of Corporate Development, “We believe that Water-Land’s strong track record, corporate culture and long-term growth prospects all fit nicely with KODA’s strategy of locating and partnering with strong companies and management teams to make them even better.”
Mr. Kelly Hays has been appointed President and CEO of the new Water-Land. Kelly has spent many years with the company most recently as Executive Vice President. Said Kelly, “We are excited to have KODA as our new owner and look forward to working with them to continue and enhance our growth and we look forward to an exciting future together.”
KODA Enterprises Group located in Waltham (MA) is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit from the financial strength and operational expertise KODA provides to its portfolio companies.
Financing for the transaction is being provided by Webster Bank, Boston MA and Harvest Capital Credit, New York, NY. The seller was represented by the investment banking firm of Sperry Mitchell, New York, NY.
For further information contact:
James H. Peden, Chief Operating Officer
KODA Enterprises Group, 423-756-8891 firstname.lastname@example.org
Janice Hodson, Director of Corporate Development
KODA Enterprises Group, 513-846-3864 email@example.com